iShares S&P SmallCap 600 Index Fund (IJR) 11/9/09 PriceWatch Alert With $47.52 Break Even
Posted: Monday, November 09, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) ended the last trading session at $50.82. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 49.58 and resistance in the 51.88 range. Technical indicators are Bearish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 50 covered call (IJO BX) for a net debit in the $47.52 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 6.49% downside protection and a 5.22% assigned return rate for an 18.49% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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